Answered: In the long run, which plan has the…

In the long run, which plan has the higher payout? Plan A Payout P(Payout)P(Payout) −$10,000 0.24 $5000 0.27 $40,000 0.49 Plan B Payout P(Payout)P(Payout) −$35,000 0.4 $80,000 0.21 $85,000 0.39

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.6: Percent Applications

Problem 1C

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Concept explainers

Counting Principles

In statistics, the counting principle can be said to be the concept in which the quantity of an item is determined. There can be a single item, or a group of items, or items that are related to each other. In every possible set of items, the quantity of the possible item groups or their sorting measures can be determined with counting principles.

Question

In the long run, which plan has the higher payout?

Plan A

Payout	P(Payout)P(Payout)
−$10,000	0.24
$5000	0.27
$40,000	0.49

Plan B

Payout	P(Payout)P(Payout)
−$35,000	0.4
$80,000	0.21
$85,000	0.39

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